A pullback from the TL1 and $49300`s key level with a pin bar and TL2's up break shows that the price will go up. but, according to Trend Key Points indicator $51400 is an important key point and the price could range around it in the next run. Indicators used: - Trend Key Points - Abnormal Pin Bar - Common Candlestick Patterns - Volume
AMD looks like forming a new keylevel (2). We need to watch our trend line if we break them in the next weeks. If yes I expect to bounce back on keylevel 1, if not keylevel 2 is confirmed and I will do the next analyze to determine the next long position if possible.
As we can see from the chart, GBPUSD has been respecting the highlighted zones well. I am expecting GBPUSD to reverse off its current level of support turned resistance, to revisit the June lows at the 1.36 region. Price has tried to break upward several times over the past couple of days, and for that reason my bias is short.
EURCAD is testing a peculiar intraday structure resistance. Watching the reaction of the price on that we see multiple rejection and dodji candles. The price started to trade in a local consolidation area. To short the market with confirmation, wait for a breakout of 1.477 - 1.4775 support. It will be our trigger to open a trade. Goals will be 1.473 /...
FX:EURUSD The chart is well explanatory on its own, let me just clarify to prevent confusion and uncertainty Denoted Terms: 1. Key support level (Lower rectangle) 2. Entry level :- Horizontal green line 3. Near resistance/support (Upper rectangle) 4. Take profit levels:- Horizontal blue and purple line The indicator used :- Relative Strength Index (RSI) 1. From...
Just marking a couple of levels on the daily where the stock has been taking support(5925) and resistance(6223) multiple times now. We wait for a breakout on either side. A strong closing above or below these levels could trigger our entry but caution is advised as it's been stuck in this zone for a while now. Entry looks good with 1:3 being the minimum target....
Bulls have been holding price at the 1.0550 level this week, a key long term sentiment level. We have seen price bounce previously from this level. If bears continue to dominate, we could see price sink to 1.0450 before a bullish bounce. We have this pair on our watchlist and are bullish and will continue to look for long opportunities into next week!
Price has been in an overextended cycle to the upside. We are now beginning to see downtrend structure forming on the 4HR Chart, with lower lows and lower highs. Price has bottomed out at the 80 whole level. Will the channel continue to be respected?
A strong reversal candle is expected, such as Abnormal Pin Bar , which is also confirmed by the volume at key level 1 or key level 2. If this expectation comes true, the upward movement has begun. The volume confirmation means to expect the volume to be higher than the volume moving average (20).
Note: This post is quite a reach from a bearish perspective and just an idea. I have about 70% confidence i n it. This is looking more likely to be a Wyckoff redistribution than a reaccumulation simply from the patterns I'm seeing formed within the range. We will only know for sure though after a break below the range and a bearish retest of SC after breaking to...
Here we can clearly see higher lows and higher highs forming, creating this ascending structure marked by the white trendlines. Key levels have been marked, including the bottom and top of current structure. We have seen some strong bullish pressure of recent times on this pair. Where will price head next? Drop your predictions in the comments!
This is a major key level set up With the weekly level being the star of the show this week. I am looking for either a pullback off this level that will be bullish of course. Or a smaller pullback that could lead to a continuation further down. My bias? This is about to be a reversal. We already reached this area on March 31st. Now we have returned. This could...
Price came back to a weekly level and rejected it once again. this time, it created a bearish engulfing to end the week. So this week I am looking for a retest of this bearish engulfing That happens to be on the daily timeframe. Also on the daily, you could see that it formed a bearish harmonic. So I am expecting this to be heavily respected. This could be an...
I have multiple confirmations for the short to last at least a few days or for the week. We have a bearish engulfing on a daily timeframe plus, we also have multiple bearish engulfing candles on the 4-hour chart after the monthly level was respected as resistance. So one of two things is going to happen: this will be a pullback for another bull run, or we're...
Last week, GJ showed fatigue at a weekly level and took a nosedive for the week. It actually created a bearish engulfing on the weekly chart, so I', looking for a retest of last week's move before a continuation down. I have my BULL TPs a little too high this week because I don't really know how long the pullback will last before we continue dropping. Always good...
Looks like a correction is happening before we continue the bull run with this pair. I missed the move paying attention due to watching higher volume pairs, But will keep an eye on it this week from here on out. When this pair moves, it MOVES. So here are the TPS I want to see the price complete when it makes a full decision where it's going. BULL TPS ...
Using Supply & Demand on a higher time-frame (DAILY) I've found a simple analysis of NIO respecting Supply along with a Daily Key-Level at 42.71 and slapping back down. NIO has respected the Demand Zone at around $34 three times before and instead of heading back to that level, I believe it will catch a newly made Daily Demand level of 37.17 which will cause it to...
EURAUD has been a long term downtrend( trade with the trend) i've seen a breakout of trend and it touch my daily resitance zone therefore we are looking for sell Opportunities 2.5 risk/reward I explain my reason why I took this trade, this is my analysis so take it with precautions April 27 2021